SSGA Global Etf Market Value

GAL
 Etf
  

USD 39.22  0.23  0.59%   

SSGA Global's market value is the price at which a share of SSGA Global stock trades on a public exchange. It measures the collective expectations of SSGA Global Allocation investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SSGA Global Allocation and determine expected loss or profit from investing in SSGA Global over a given investment horizon. Please check SSGA Global Hype Analysis, SSGA Global Correlation, Portfolio Optimization, SSGA Global Volatility, as well as analyze SSGA Global Alpha and Beta and SSGA Global Performance.
Symbol
Backtest

The market value of SSGA Global Allocation is measured differently than its book value, which is the value of SSGA Global that is recorded on the company's balance sheet. Investors also form their own opinion of SSGA Global's value that differs from its market value or its book value, called intrinsic value, which is SSGA Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SSGA Global's market value can be influenced by many factors that don't directly affect SSGA Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SSGA Global's value and its price as these two are different measures arrived at by different means. Investors typically determine SSGA Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSGA Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

SSGA Global 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SSGA Global's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SSGA Global.
0.00
06/04/2022
No Change 0.00  0.0 
In 31 days
07/04/2022
0.00
If you would invest  0.00  in SSGA Global on June 4, 2022 and sell it all today you would earn a total of 0.00 from holding SSGA Global Allocation or generate 0.0% return on investment in SSGA Global over 30 days. The Adviser primarily invests the assets of the fund among exchange traded products that provide balanced exposure to do...More

SSGA Global Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SSGA Global's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SSGA Global Allocation upside and downside potential and time the market with a certain degree of confidence.

SSGA Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SSGA Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SSGA Global's standard deviation. In reality, there are many statistical measures that can use SSGA Global historical prices to predict the future SSGA Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SSGA Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of SSGA Global in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
38.2639.2240.18
Details
Intrinsic
Valuation
LowReal ValueHigh
38.6739.6340.59
Details
Naive
Forecast
LowNext ValueHigh
39.2940.2541.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
38.3640.4342.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SSGA Global. Your research has to be compared to or analyzed against SSGA Global's peers to derive any actionable benefits. When done correctly, SSGA Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in SSGA Global Allocation.

SSGA Global Allocation Backtested Returns

SSGA Global Allocation owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the etf had -0.17% of return per unit of volatility over the last 3 months. Macroaxis approach towards measuring the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. SSGA Global Allocation exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SSGA Global risk adjusted performance of (0.26), and Coefficient Of Variation of (549.95) to confirm the risk estimate we provide.
The entity has a beta of 0.6075, which indicates possible diversification benefits within a given portfolio. Let's try to break down what SSGA Global's beta means in this case. As returns on the market increase, SSGA Global returns are expected to increase less than the market. However, during the bear market, the loss on holding SSGA Global will be expected to be smaller as well. Even though it is essential to pay attention to SSGA Global Allocation current price movements, it is always good to be careful when utilizing equity historical returns. Our approach towards measuring any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SSGA Global Allocation exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.32  

Poor reverse predictability

SSGA Global Allocation has poor reverse predictability. Overlapping area represents the amount of predictability between SSGA Global time series from 4th of June 2022 to 19th of June 2022 and 19th of June 2022 to 4th of July 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SSGA Global Allocation price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current SSGA Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test-0.39
Residual Average0.0
Price Variance0.04

SSGA Global Allocation lagged returns against current returns

Autocorrelation, which is SSGA Global etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SSGA Global's etf expected returns. We can calculate the autocorrelation of SSGA Global returns to help us make a trade decision. For example, suppose you find that SSGA Global etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

SSGA Global regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SSGA Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SSGA Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SSGA Global etf over time.
 Current vs Lagged Prices 
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      Timeline 

SSGA Global Lagged Returns

When evaluating SSGA Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SSGA Global etf have on its future price. SSGA Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SSGA Global autocorrelation shows the relationship between SSGA Global etf current value and its past values and can show if there is a momentum factor associated with investing in SSGA Global Allocation.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in SSGA Global without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as SSGA Global Allocation using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check SSGA Global Hype Analysis, SSGA Global Correlation, Portfolio Optimization, SSGA Global Volatility, as well as analyze SSGA Global Alpha and Beta and SSGA Global Performance. Note that the SSGA Global Allocation information on this page should be used as a complementary analysis to other SSGA Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running SSGA Global Allocation price analysis, check to measure SSGA Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SSGA Global is operating at the current time. Most of SSGA Global's value examination focuses on studying past and present price action to predict the probability of SSGA Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SSGA Global's price. Additionally, you may evaluate how the addition of SSGA Global to your portfolios can decrease your overall portfolio volatility.
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SSGA Global technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of SSGA Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SSGA Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...